A popular Helensburgh supermarket has been purchased by a London based investment company in a multi mullion pound deal.
Premium supermarket Waitrose and the neighbouring petrol station, based on Cardross Road, has been purchased for £13.7m.
Leading North East property firm Bradley Hall managed the acquisition on behalf of the purchaser. Group director Peter Bartley said: “This is a fantastic investment for our client, as seldom do opportunities like this appear with such beneficial lease terms, new build and a strong covenant like Waitrose with a petrol station.
“The store and petrol station are collectively a successful business which has proven to be a popular retail destination for the people of Helensburgh and surrounding areas. The Waitrose building has been constructed to a high standard and is aesthetically impressive.
“The purchase will also benefit the local community, ensuring jobs and premium shopping opportunities for local people.
“Although we are primarily a truly regional North East company we also look to expand our offerings on a national basis, taking on opportunities further afield and utilising our national knowledge to provide a high quality service for our clients. Buying and selling ‘off market’ investments has been very successful for the practice due to our extensive agency base and national network of contacts feeding in superb opportunities such as the Waitrose deal”
The 36,500 sq ft site comprises the Waitrose supermarket, fuel station and 180 parking spaces. The development forms a prominent gateway to the town’s eastern approach.
The recently constructed store boasts an active frontage to the main Cardross Road comprising the main entrance, checkout zone and visitor café collectively framed with an impressive inverted timber clad roof.
Designed to BREEAM, the world’s leading sustainability assessment method, ‘Excellent’ standards, the store’s sustainable design maximises the use of natural daylight, energy efficient heating and cooling systems, LED lighting, utility submetering alongside other carbon reduction initiatives.
The site also boasts landscaping and pathways, including a bio diverse ad structurally varied habitat which was introduced to compliment the local surroundings and climate.